15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 9.2% per year over the past 5 years.
Operating margin has contracted, at -129.2% in the latest year.
Financial health
Total debt has grown slower than revenue (-93.2% vs -9.2% per year).
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.5 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$85M
-$75M
49.9%
-129.2%
-$83M
—
$121M
2024
$91M
-$139M
49.3%
-140.1%
-$152M
$299000
$167M
2023
$106M
-$75M
47.4%
-72.0%
-$46M
$64M
$52M
2022
$98M
-$190M
37.8%
-118.6%
-$93M
$65M
$81M
2021
$131M
-$59M
0.0%
-51.7%
-$57M
—
$28M
2020
$138M
-$53M
0.0%
-36.9%
-$28M
—
$69M
2019
$117M
-$65M
54.8%
-44.2%
-$38M
—
$22M
2018
$113M
-$59M
54.6%
-42.6%
-$26M
—
$95M
2017
$102M
-$61M
51.0%
-57.3%
-$26M
$195M
$58M
2016
$104M
-$76M
55.9%
-70.1%
-$44M
—
$35M
2015
—
-$53M
—
—
-$39M
—
$29M
2014
—
-$53M
—
—
-$30M
—
$34M
2013
—
-$17M
—
—
-$5M
—
$35M
2012
—
-$19M
—
—
-$20M
$0
$59M
2011
—
-$22M
—
—
-$19M
$10M
$14M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$21M
$127M
53.5%
-59.1%
-$47M
—
$266M
Dec '25
$24M
$19M
47.8%
-103.6%
-$2M
—
$121M
Sep '25
$20M
-$35M
48.5%
-168.5%
-$23M
—
$129M
Jun '25
$22M
-$33M
48.8%
-118.1%
-$23M
—
$159M
Mar '25
$20M
-$26M
54.6%
-133.4%
-$35M
—
$151M
Dec '24
$25M
-$34M
45.8%
-105.3%
-$17M
$299000
$167M
Sep '24
$22M
-$27M
54.9%
-120.9%
-$30M
$55M
$211M
Jun '24
$22M
-$46M
46.1%
-134.5%
-$41M
$55M
$270M
Mar '24
$46M
-$32M
53.1%
-132.2%
-$63M
$55M
$287M
Dec '23
$28M
-$20M
47.4%
-75.9%
-$14M
$64M
$52M
Sep '23
$25M
-$21M
44.0%
-83.5%
-$12M
$65M
$80M
Jun '23
$28M
-$17M
49.2%
-63.1%
-$10M
$65M
$142M
Mar '23
$25M
-$17M
48.9%
-66.1%
-$9M
—
$114M
Dec '22
$27M
-$21M
41.3%
-78.1%
-$20M
$65M
$81M
Sep '22
$26M
-$29M
36.0%
-113.2%
-$26M
—
$60M
Jun '22
$19M
-$64M
23.6%
-205.4%
-$31M
—
$74M
Mar '22
$27M
-$76M
0.0%
-103.8%
-$16M
—
$30M
Dec '21
$38M
-$9M
0.0%
-29.4%
-$7M
—
$28M
Sep '21
$29M
-$14M
0.0%
-68.8%
-$11M
—
$29M
Jun '21
$31M
-$17M
0.0%
-55.7%
-$19M
—
$31M
Valuation over time
How the market has priced LAB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 7.8× (Mar '23) to 3.4× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is LAB growing its revenue and profit?
Over the past 5 years, STANDARD BIOTOOLS INC.'s revenue has declined 9.2% per year. These are computed facts, not advice.
How much debt does LAB have?
As of FY2025, STANDARD BIOTOOLS INC. reported — of total debt against $121M of cash.
What is LAB's profit margin?
In FY2025, gross margin was 49.9%, operating margin -129.2%, and net margin -87.8%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.